Amphastar: 3Q Earnings Snapshot
RANCHO CUCAMONGA, Calif. (AP) _ Amphastar Pharmaceuticals Inc. (AMPH) on Thursday reported third-quarter net income of $2.4 million.
The Rancho Cucamonga, California-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.
The specialty pharmaceutical company posted revenue of $75.5 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $74.5 million.
Amphastar shares have risen almost 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.71, a rise of 16 percent in the last 12 months.